Evaluate why I chose STB over rest of V10 sans Wachtell Forum

[Julio_El_Chavo]

ITT, strivers attempt to rationalize not going to the highest ranked [fill in the blank] by using common sense.

[IAFG]

The Avery survey suggested 70 hours/week at Wachtell versus ~60 at the other V10. That's 10 hours more per week over 50 weeks, or about 500 hours more per year. Wachtell bonus this year for first years was 45% on $165k salary = $239k total comp. Cravath was $15k on $160k salary = $175k total comp, or $65k less. That's $130 per hour of extra work. Even if we assume that the Avery figures are off and WLRK associates work 1,000 more hours per year, that's still $65/hour.

That Avery survey is old, and I have confirmed that corporate associates bill 2700-3000 hours.

Also, that's a 65k pre-tax differential which is only 37k after tax at 43%. The difference is around $45/hr, but you'd be working into your 14th-16th hours for that extra $45/hr.

70 hours/week per the Avery survey is consistent with your "confirmed" 2700-3000 hours.
70x52=3640
3640x.75 for actually billable hours=2730, so within your range.

[Anonymous User]

That Avery survey is old, and I have confirmed that corporate associates bill 2700-3000 hours.

Also, that's a 65k pre-tax differential which is only 37k after tax at 43%. The difference is around $45/hr, but you'd be working into your 14th-16th hours for that extra $45/hr.

70 hours/week per the Avery survey is consistent with your "confirmed" 2700-3000 hours.
70x52=3640
3640x.75 for actually billable hours=2730, so within your range.

And these are mid-level associates who are more efficient so 80% (= 2800 hours billed for 3600 worked) is definitely a reasonable estimate. Also, who takes out tax when discussing compensation? The bottom line is that you're extremely well-compensated for the extra hours at WLRK.

Say at some V10 you bill 2,200 hours at 80% efficiency = 2750 worked. At WLRK you bill 2,800 for 3,600 worked. That's 850 extra hours, for $65k in extra compensation per hour, or about $76 per hour before tax. Compare this to the base compensation of $63/hour at the V10. I.e: WLRK associates don't just get paid more overall, they effectively get paid at a higher "overtime" rate relative to associates at a V10.

[IAFG]

I mean I really don't care either way, I just think it's pretty bitchy, not to mention disingenuous, to be that girl with a 2.5 carat engagement ring complaining that the 3 carat ring on the girl next to her looks gaudy. What, like if he'd gotten down on one knee with 3 carats, like you would have taken it back to Cartier and traded down? Bullshit.